Markets down over Paris fears
The markets closed the session will deep losses owing to selling pressure in the late trade on Wednesday.
Sensex down 382 pts on global weakness
Mumbai: The markets closed the session will deep losses owing to selling pressure in the late trade on Wednesday. Investors are more concerned over the tension in Paris of fresh gun firing.The benchmarking indices fell over 1 per cent dragged by banks, tech and metal shares besides negative global cues.
Sensex down 382 points to close at 25,483 and the Nifty fell 106 points to end at 7,732. Also the broader markets closed lower with midcap and smallcap indices lower 0.8 per cent each. The investors are also concerned ahead of release of the minutes of Federal Open Market Committee meeting may hint more chances of rate hike in December, say the analysts.
They suggested the investor to be more cautious and use the deep falls to buy select stocks. On the sectoral front, almost all sectors have closed in red expecting IT index fell over 2 per cent.
While Infosys was down nearly 4 per cent, the others like TCS down 1.6 per cent and Wipro closed marginal losses. The Coal India gained about 1 per cent after cabinet giving its nod for divestment of its stake, while NTPC gained 0.7 per cent and Gail up 1 per cent.
The gainers: Gail, up 0.95 per cent at Rs 309.45; Coal India, up 0.83 per cent at Rs 334.95; NTPC, up 0.72 per cent at Rs 133.15 and Sun Pharma, up 0.08 per cent
at Rs 753.95.
The losers: Hindalco Industries, down 5.07 per cent at Rs 76.70; Infosys, down 3.89 per cent at Rs 1,019.85; Tata Steel, down 3.69 per cent at Rs 225.85; Vedanta, down 3.10 per cent at Rs 89.20; and State Bank Of India (SBI), down 2.80 per cent at Rs 241.05.